Anil Seetharam - Feb 28, 2024 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
Director
Signature
/s/ Anil Seetharam
Stock symbol
WMS
Transactions as of
Feb 28, 2024
Transactions value $
-$124,351,885
Form type
4
Date filed
3/1/2024, 04:59 PM
Previous filing
Sep 14, 2023
Next filing
Jul 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Sale -$124M -763K -100% $163.00 0 Feb 28, 2024 See Footnote F1, F2
holding WMS Common Stock 11K Feb 28, 2024 Direct
holding WMS Common Stock 1.2K Feb 28, 2024 By Family Trusts
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares by Stockbridge Fund, L.P. ("SF") and other certain accounts (collectivelly, the "Berkshire Entities"). Stockbridge Associates LLC ("SA") is the general partner of SF. Stockbridge Partners LLC ("SP") is the investment adviser to SF and such certain other accounts. Berkshire Partners Holdings LLC ("BPH") is the general partner of BPSP, L.P. ("BPSP"), which is the managing member of SP.
F2 (continued from Footnote 1) The Reporting Person is a managing member of BPH, BPSP, SP, and SA. By virtue of the relationships described in the preceding sentences, the Reporting Person may be deemed to share beneficial ownership with respect to the shares of common stock held by the Berkshire Entities. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.